The Economy

[southsport]

Surprised y'all missed this one. Even Sky reported it.

Anthony Albanese teases new plan to reduce immigration to 'sustainable level'

The prime minister says his government will announce its new migration strategy next week.

www.sbs.com.au

I saw it but Albo's sustainable level will still be way too high for my liking I expect........the damage has already been done.
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[Magaoidh]

God bless Donald Trump.
hahahahalol.

 

[southsport]

AFR readers call for government spending restraint to fight inflation

Two-thirds of The Australian Financial Review readers have urged Treasurer Jim Chalmers to resist the urge to deliver a big-spending pre-election budget.

www.afr.com

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[southsport]

‘Recession’: Aussies told to do the unthinkable​

Aussies are being urged to stop splashing cash on “Netflix, flat-whites and eating out” to trigger a recession.
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[southsport]

 

[southsport]

Gross debt set to rise above $1 trillion​

In a media blitz on Sunday morning, Treasurer Jim Chalmers has flagged key measures that will form part of the May 14 budget.
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[southsport]

Outrage as Albo wipes out entire industry​

A farmer has absolutely savaged the federal government over its decision to scrap a controversial industry, warning it could leave himself and others “broke”
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[captainsutto]

Albo is a bloody idiot and his party has lost the plot, totally


A farmer has absolutely savaged the federal government over its decision to scrap the controversial live sheep export trade which he has warned could leave himself and others “broke”.
“It’s destroyed the industry on a whim,” David Slade, a livestock farmer from Mount Barker in Western Australia, told news.com.au. “Everybody’s really livid.”

On Saturday, the Albanese government announced it was funding a $107 million package over four years to help farmers transition out of the sheep export industry after it pledged to end the practice amid animal welfare concerns.

The plan is for the entire industry to be completely phased out by May 1, 2028.

 

[southsport]

I must say that I would like to see cheaper lamb and beef prices here in australia.
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[captainsutto]

I must say that I would like to see cheaper lamb and beef prices here in australia.
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A look at who owns the majority of Australian beef processing industryis the clue. We’ve sold just about everything off to the Brazilians & Americans

 

[Bluey]

Problem is most of the farms who live export sheep are too far from an abattoirs that has capacity to process mutton, ive skinned sheep that my employer paid under 1 dollar a head for, this is the exact reason why many get shot and bulldozed into a pit, if they send to a works they actually lose money once transport is paid.

Outrage as Albo wipes out entire industry​

A farmer has absolutely savaged the federal government over its decision to scrap a controversial industry, warning it could leave himself and others “broke”
.

 

[southsport]

Worst possible news for Aussie homeowners​

Consumer and business confidence is in the “gutter” yet economists are warning interest rates still could be hiked again.
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[southsport]

‘Burnout’: Graph reveals worrying sign​

For the average household things have scarcely been worse since records began in the 1970s, as the economy enters a dangerous and familiar phase.
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[southsport]

Why does Albo allow this to happen???

Chinese raiders hoover up Australian homes

Last week, I reported on a new UTS survey showing that Australians have become increasingly antagonistic toward Chinese investment in Australian property. The survey showed that only 28% of Australians believe that Chinese investment in Australian residential property delivers material benefits...

www.macrobusiness.com.au

 

[cmorrison9]

Why does Albo allow this to happen???

Chinese raiders hoover up Australian homes

Last week, I reported on a new UTS survey showing that Australians have become increasingly antagonistic toward Chinese investment in Australian property. The survey showed that only 28% of Australians believe that Chinese investment in Australian residential property delivers material benefits...

www.macrobusiness.com.au

Would love to see a government with the balls to close the doors on overseas investors.

Pretty sure we are the only country in the world that allow this to take place.

Most countries around the world you must be a citizen or married to a citizen to own property.

In times when we are in a “housing crisis,”as it is being called, it should be the first thing done to try and help ease this pressure on Australian families.

The flip side is, without overseas investment, the demand would decrease and so with it property value. Could see a lot of people who are paying off property with mortgages higher than what the property is valued. Example, purchased a house for $1m, and only be worth $800,000. Problems come with that scenario too. Hence the reason no government wants to do it I guess.